vtchernev Posted June 11 Report Share Posted June 11 Hello, I have a rental property and installed an air-source heat pump which, in my understanding, is eligible for full value deduction in the first year of ownership. However, I can not find a suitable choice in the Ufile "Capital cost allowance for the rental property" section. If I chose "Class 43.2 - 50%", the "Description and amount of capital additions of AIIP" notes that " notes that "..... The Accelerated Investment Incentive will also not apply to ...... 43.1 and 43.2 (clean energy equipment), which will rather be eligible for the full expensing measure introduced in this Statement." which hints that there should be a way to deduct the full expense. Please advise. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted June 11 Report Share Posted June 11 Hello vtchernev, Please see example below for CCA Class 43.1 IF using AAIP (2 100%) Class 43.1 (30%) and Class 43.2 (50%) – Clean energy equipment To support investment in clean technologies, the CCA Classes 43.1 and 43.2 are expanded by: including new types of property (for example, pumped hydroelectric storage equipment) broadening the eligibility for certain existing property types (for example, ground source heat pump systems) >>T776 Quote Link to comment Share on other sites More sharing options...
vtchernev Posted June 13 Author Report Share Posted June 13 Thanks for the example! Quote Link to comment Share on other sites More sharing options...
Geo123 Posted June 13 Report Share Posted June 13 Hello vtchernev, You are welcome. Quote Link to comment Share on other sites More sharing options...
vtchernev Posted June 16 Author Report Share Posted June 16 Hello Geo123. After following your example, the "Total CCA claim for the year" number (under Area A – Calculation of capital cost allowance (CCA) claim section) seems right, but it is not entered on line 9936 of Part 4; hence, the CCA claim is not deducted from my income. Do you have any idea why that is? Best Quote Link to comment Share on other sites More sharing options...
Geo123 Posted June 17 Report Share Posted June 17 Hello vtchernev, Please contact UFile Support so we may review the file confidentially. Please include above note. Please open a request ticket and submit an anonymous file for review on-line at https://www.ufile.ca/contact/contact-us Quote Link to comment Share on other sites More sharing options...
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